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Austrian economy to maintain strong position: Bank Austria
From:Xinhua  |  2017-09-16 02:17

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VIENNA, Sept. 15 (Xinhua) -- Austria's present strong economywill continue into Autumn, though growth momentum appears to havereached its peak, Bank Austria stated in a press release onFriday.

While the bank's economic indicators are at their second-highestpoint in the past six-and-a-half years, chief economist StefanBruckbauer said that as they now show a slight decline, this wouldindicate the growth tempo will not accelerate further for the timebeing.

While the overall mood in Austria is still very positive,disparities are showing in different economic sectors.

Optimism in the construction industry has improved even furtherfrom summer, though in the services sector it has seen a notabledecline. In the industrial sector the mood is also not as positiveas it was in summer, Bruckbauer noted.

The strong growth in the economy will also not be able tosignificantly reduce unemployment due to a growing labour force,both this year and next. Enditem

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